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It is generally up to the finance company but they usually proceed with court action; which destroying a secured form of collateral is punishable in a court of law. If found guilty & you think "they can't get blood out of a turnip", like the old saying goes; just to let you know, all civil judgments stay against you for 10 + yrs so if you ever have income; they may/can collect against you.
This is how I understand it in the state of TN anyways!
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∙ 12y ago
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If you volunteer a reposession on a lease car and the car is not operable what happens?
They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.
What happens if I don't repay an auto title loan?
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
What happens when your return a car to finance company?
It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.
Can you keep your car from reposession?
Keep the car at a relatives or friends garage
Can the police get involved in a car reposession from a car dealership?
No they can only be present if you are being sued, or there is a disturbance
Are you able to get a car if you have a reposession on your name?
This depends upon your credit score.
You bought your car privately and didn't transfer title the guy who sold it to me took it right off the street is this reposession or theft he called it reposession?
I would think theft
What are my rights for auto reposession in Colorado?
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
What happens when a car company takes you to court when you haven't paid the balance after the reposession?
Most likely you will get your wages garnished. They cannot send you to jail.They will only take 25% of your net disposable income. You can fight it if you chose.
What reposession company handles toyota's reposessions?
the police or dealership that you got the car from always handles REPOs
If a car is purchased in ca and registered on SD which state laws apply for reposession?
SD since it is registered.
Is it illegal in Maryland to hide a car from repo?
I believe it is illegal to hide anything in any state from reposession.
